Dynamic Technology Lab Private Ltd decreased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 73.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,960 shares of the company’s stock after selling 13,677 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Hilton Worldwide were worth $1,425,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Hilton Worldwide by 17.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,626 shares of the company’s stock valued at $14,255,000 after purchasing an additional 7,339 shares during the last quarter. Allstate Corp grew its position in Hilton Worldwide by 100.2% during the 4th quarter. Allstate Corp now owns 16,678 shares of the company’s stock worth $4,791,000 after acquiring an additional 8,348 shares during the last quarter. Fulton Breakefield Broenniman LLC bought a new stake in Hilton Worldwide during the 4th quarter worth $7,032,000. Cumberland Partners Ltd grew its position in Hilton Worldwide by 100.0% during the 4th quarter. Cumberland Partners Ltd now owns 15,000 shares of the company’s stock worth $4,309,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Holocene Advisors LP grew its position in Hilton Worldwide by 17.0% during the 3rd quarter. Holocene Advisors LP now owns 1,795,659 shares of the company’s stock worth $465,866,000 after acquiring an additional 261,097 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 1.3%
NYSE HLT opened at $346.17 on Friday. The business’s 50-day moving average price is $326.16 and its two-hundred day moving average price is $307.40. Hilton Worldwide Holdings Inc. has a 12 month low of $241.45 and a 12 month high of $349.03. The firm has a market capitalization of $78.81 billion, a PE ratio of 52.85, a price-to-earnings-growth ratio of 2.98 and a beta of 1.04.
Hilton Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is 9.16%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on HLT shares. Weiss Ratings upgraded Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Truist Financial boosted their price objective on Hilton Worldwide from $307.00 to $312.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. TD Cowen boosted their price objective on Hilton Worldwide from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Macquarie Infrastructure boosted their price objective on Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Mizuho boosted their price objective on Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $348.55.
View Our Latest Stock Report on HLT
Hilton Worldwide Profile
Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.
Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.
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